ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED

Financials ICICI Lombard General Insurance Company Limited

Equities

ICICIGI

INE765G01017

Multiline Insurance & Brokers

Market Closed - NSE India S.E. Other stock markets 03:45:29 16/01/2026 pm IST			5-day change	1st Jan Change
1,870.20 ^INR	+0.67%		-1.37%	-4.68%

13/01	ICICI Lombard General Insurance Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2025	CI
13/01	ICICI Lombard General Insurance Company Limited, Q3 2026 Earnings Call, Jan 13, 2026

Projected Income Statement: ICICI Lombard General Insurance Company Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	1,21,614	1,61,297	1,80,949	1,97,521	2,29,366	2,61,167	2,92,887	3,35,979
Change	-	32.63%	12.18%	9.16%	16.12%	13.86%	12.15%	14.71%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	19,554	17,940	23,823	19,059	22,669	28,813	32,925	37,911
Change	-	-8.26%	32.79%	-20%	18.94%	27.1%	14.27%	15.14%
Interest Paid ¹	-	-363.7	-114.7	-36.76	-	-3	-3	-3
Earnings before Tax (EBT) ¹	19,540	16,835	21,125	25,552	33,213	38,847	43,959	50,297
Change	-	-13.84%	25.48%	20.95%	29.98%	16.96%	13.16%	14.42%
Net income ¹	14,730	12,710	17,290	19,186	25,083	28,998	32,876	37,686
Change	-	-13.72%	36.04%	10.96%	30.74%	15.61%	13.38%	14.63%
Announcement Date	17/04/21	21/04/22	18/04/23	17/04/24	15/04/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	27,178	28,834	41,117	34,894	32,469	-	38,541	-	39,783	44,990	43,620	52,556	45,380	50,492	50,032	51,617	53,520	58,506	58,828	-	60,834	57,812	69,000	67,000
Change	-	6.09%	42.6%	-15.14%	-6.95%	-	-	-	-	13.09%	-3.05%	20.49%	-13.65%	11.26%	-0.91%	3.17%	3.69%	9.32%	0.55%	-	2.27%	-4.97%	19.35%	-2.9%
EBITDA ¹	-	5,620	-	-	-	-	-	-	4,680	5,958	-	-	-	-	-	-	-	-	-	-	2,723	-	10,548	-
Change	-	-	-	-	-	-	-	-	-	27.29%	-	-	-	-	-	-	-	-	-	-	0%	-	-	-
EBIT ¹	381.6	-34	3,121	-912.9	329.7	-1,007	-2,692	-	3,168	5,102	2,765	12,788	3,312	5,972	4,160	5,616	5,015	6,642	6,854	-	6,541	6,860	6,790	7,500
Change	-	-108.91%	9,279.12%	-129.25%	136.12%	-405.52%	-167.24%	-	-	61.06%	-45.81%	362.5%	-74.1%	80.29%	-30.34%	34.99%	-10.7%	32.44%	3.19%	-	-52.36%	4.87%	-1.02%	10.46%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	5,310	5,546	4,182	4,501	2,015	5,939	4,209	4,104	4,651	6,097	4,653	5,725	5,200	7,636	5,737	6,978	7,740	9,190	9,601	6,682	9,937	9,758	9,401	10,600
Change	-	4.43%	-24.58%	7.62%	-55.23%	194.72%	-29.12%	-2.49%	13.31%	31.09%	-23.69%	23.05%	-9.17%	46.85%	-24.87%	21.62%	10.92%	18.74%	4.47%	-30.4%	48.71%	-1.8%	-3.65%	12.75%
Net income ¹	3,981	4,157	3,135	3,457	1,516	4,467	3,175	3,125	3,490	5,905	3,525	4,370	3,904	5,773	4,315	5,195	5,804	6,940	7,244	5,096	7,471	7,629	7,696	7,700
Change	-	4.43%	-24.59%	10.25%	-56.14%	194.58%	-28.91%	-1.58%	11.69%	69.19%	-40.3%	23.95%	-10.66%	47.88%	-25.26%	20.41%	11.72%	19.57%	4.39%	-29.65%	46.6%	2.12%	0.88%	0.05%
Announcement Date	17/07/20	23/10/20	19/01/21	17/04/21	22/07/21	21/10/21	19/01/22	21/04/22	19/07/22	18/10/22	17/01/23	18/04/23	18/07/23	18/10/23	16/01/24	17/04/24	19/07/24	18/10/24	17/01/25	15/04/25	15/07/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2025 S1
Net sales	-
Change	-
EBITDA	-
Change	-
EBIT	-
Change	-
Charge d'intérêts	-
Earnings before Tax (EBT)	-
Change	-
Net income ¹	12,743
Change	-
Announcement Date	18/10/24

¹INR in Million

Estimates

Forecast Balance Sheet: ICICI Lombard General Insurance Company Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	2,574	-376	-1,681	-2,996	-876	-128	430	-2,358
Change	-	-114.61%	-347.07%	-78.23%	70.76%	85.38%	435.94%	-648.37%
Announcement Date	17/04/21	21/04/22	18/04/23	17/04/24	15/04/25	-	-	-

¹INR in Million

Estimates

Cash Flow Forecast: ICICI Lombard General Insurance Company Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025
CAPEX ¹	3,032	790.2	758.7	1,209	1,904	2,312
Change	-	-73.94%	-3.99%	59.38%	57.5%	21.38%
Free Cash Flow (FCF) ¹	36,877	34,765	54,515	62,980	56,637	43,549
Change	-	-5.73%	56.81%	15.53%	-10.07%	-23.11%
Announcement Date	20/07/20	19/07/21	13/07/22	14/06/23	01/06/24	07/06/25

¹INR in Million

Estimates

Forecast Financial Ratios: ICICI Lombard General Insurance Company Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-
EBIT Margin (%)	16.08%	11.12%	13.17%	9.65%	9.88%	11.03%	11.24%	11.28%
EBT Margin (%)	16.07%	10.44%	11.67%	12.94%	14.48%	14.87%	15.01%	14.97%
Net margin (%)	12.11%	7.88%	9.56%	9.71%	10.94%	11.1%	11.22%	11.22%
FCF margin (%)	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-
Profitability
ROA	3.86%	2.82%	3.26%	3.24%	3.79%	4.22%	4.2%	4.29%
ROE	21.7%	14.7%	17.7%	16.29%	19.1%	18.62%	18.34%	18.33%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	46.57	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	8	8	9.5	10.5	11.5	13.73	15.55	17.6
Change	-	0%	18.75%	10.53%	9.52%	19.38%	13.28%	13.16%
Book Value Per Share ¹	163.6	185.6	211.6	242.8	288.5	334.1	385.1	442.4
Change	-	13.46%	14.02%	14.72%	18.86%	15.78%	15.29%	14.87%
EPS ¹	32.27	25.82	35.16	38.78	50.25	58.15	66.14	75.92
Change	-	-19.99%	36.17%	10.3%	29.58%	15.72%	13.75%	14.79%
Nbr of stocks (in thousands)	4,54,595	4,90,891	4,91,125	4,92,679	4,95,714	4,98,085	4,98,085	4,98,085
Announcement Date	17/04/21	21/04/22	18/04/23	17/04/24	15/04/25	-	-	-